Research On The Problems And Countermeasures In The Government Supervision Of My Country’s Non-Sovereign Digital Currency

In recent years,with the deepening of globalization,the financial market has become more vigorous,and various fintech products and services have emerged in an endless stream worldwide.Blockchain technology is considered to be one of the most promising representatives of fintech,while non-sovereign Digital Currency,as a product of in-depth integration of traditional financial industry and blockchain technology,faces both traditional financial risks and underlying technical risks in its development.Therefore,this is not only an opportunity for the development of the industry,but also a new challenge for the regulatory system.As more and more countries recognize the role of digital currency in commercial applications and value creation and continue to explore effective regulatory approaches,a blanket ban on private digital currency exploration and related applications may not be the best choice.Through the lateral comparison regulatory status quo at home and abroad and the longitudinal comparison problems occurring in the process of execution regulatory policy change,explore how to further strengthen the supervision of the sovereign digital currency,perfecting the construction of the financial regulatory system,to avoid the problem of the Internet appeared in the process of financial development in the tide of digital currency happening again is the original intention of this article selected topic.In this thesis,I uses government supervision theory,risk management theory and other public management theories,and comprehensively analyzes the characteristics and application scenarios of non-sovereign digital currency,and analyzes the concept and nature of non-sovereign digital currency.Developments,significance and risks are described.This thesis summarizes the changes of the Chinese government’s regulatory policies on non-sovereign digital currencies,and analyzes my country’s regulatory practices from the perspectives of regulatory subjects,regulatory measures and regulatory methods.Through comprehensive analysis,it is found that the current Chinese government’s supervision of non-sovereign digital currencies still has polarized supervision policies,unsatisfactory supervision results,unclear supervision subjects,vague definitions of the legal attributes of non-sovereign digital currencies,and obstacles to my country’s Issues such as the space for the development of non-sovereign digital currencies.Tracing the source,the reasons for the problem are mainly reflected in the following aspects:one is the dilemma of balancing risks and promoting innovation in the supervision of non-sovereign digital currencies;The supervision concept in supervision is backward.Fourth,the framework of traditional financial supervision is not suitable for the supervision of non-sovereign digital currencies.Fifth,the contradiction of "coinless blockchain" is difficult to solve.Through the extraterritorial inspection and reference of the non-sovereign digital currency regulatory system,this thesis focuses on the analysis of the British sandbox model,the American regulatory model based on the original regulatory framework and the Japanese regulatory model with a newly established regulatory framework.Innovation,risk prevention and other aspects can be used for reference,and provide help to formulate and improve my country’s non-sovereign digital currency regulatory framework.In view of the problems and reasons in my country’s regulatory practice,we should learn from the regulatory experience of non-sovereign digital currencies outside the region to improve my country’s digital currency supervision:first,clarify the regulatory principles and consolidate the underlying logic of non-sovereign digital currency supervision;second,enrich the regulatory basis and improve The legal norms for the supervision of non-sovereign digital currencies;the third is to expand the supervision power and strengthen the supervision and coordination of non-sovereign digital currencies;the fourth is to highlight the key points of supervision and improve the mechanism construction for the supervision of trading platforms;the fifth is to optimize the means of supervision and improve the non-sovereign digital currencies Regulatory operability.